Directs the New York Department of Health to contract for a study on long-term care financing and services options.

The bill directs the New York Department of Health to contract with a qualified entity for a feasibility study and actuarial analysis of long-term services and supports financing and services options. The study will include an analysis of existing public and private long-term care financing programs, modeling of three public long-term care insurance program options, and an examination of the impact on Medicaid expenditures. The department must submit a report with findings and recommendations to the governor and the legislature within one year of the act's effective date.

Directs the New York Department of Health to contract for a study on long-term care financing and services options.

The bill directs the New York Department of Health to contract with a qualified entity for a feasibility study and actuarial analysis of long-term services and supports financing and services options. The study will include an analysis of existing public and private long-term care financing programs, modeling of three public long-term care insurance program options, and an examination of the impact on Medicaid expenditures. The department must submit a report with findings and recommendations to the governor and the legislature within one year of the act's effective date.